Bitcoin’s latest surge toward $90,000 has traders holding their breath. After smashing through $89,000 on April 22, 2025, the cryptocurrency is now eyeing a critical resistance zone that could make or break its next major move. The $90,000-$91,000 area isn’t just another pretty number on the chart—it’s a battleground where previous support turned into stubborn resistance.
Bitcoin’s push toward $90K tests crucial resistance, turning a former support level into a fierce psychological battleground.
The journey hasn’t been smooth sailing. Bitcoin took a nasty 20% tumble from its January peak, bottoming out at $74,434 on April 7. Recent market history shows this volatility is nothing new, as one trader went from a $4 million portfolio to just $160,000 in 2021. With the upcoming halving event set to reduce mining rewards to 3.125 bitcoins per block, market volatility could intensify further.
But here’s where it gets interesting: a breakout from a descending wedge pattern on April 11 flipped the script, and suddenly the bears weren’t looking so confident anymore. Technical indicators started flashing green, with both RSI and MACD showing bullish divergences that screamed “comeback time.”
Money talks, and right now it’s shouting. U.S. Treasury liquidity injections have pumped a whopping $510 billion into the system since February 2025. ETFs? They’ve been absolute monsters, gobbling up $60 billion worth of Bitcoin this year alone.
And guess what? Most of that cash is coming from everyday investors who apparently didn’t get the memo about Bitcoin being “too risky.”
The institutional crowd is finally getting with the program. They’re not just calling Bitcoin a speculative toy anymore—they’re actually using it as a hedge against global uncertainty. Who would’ve thought?
The post-halving supply crunch is doing its thing, and with U.S. market liquidity expected to hit $6.5 trillion by Q4 2025, the party might just be getting started.
But let’s not pop the champagne just yet. There’s heavy sell-side liquidity lurking around $90,000, and traders’ onchain realized price in the $91,000-$92,000 range isn’t making life any easier.
Gold’s been showing off with a 30% year-to-date gain, while Bitcoin’s been playing it cool with more modest moves. The next few days could determine if this rally has real staying power or if it’s just another tease.
